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New Breed Logistics

Summary

New Breed Logistics, Inc. received a $400,000 grant from the Tennessee FastTrack Economic Development Fund. The Tennessee FastTrack Economic Development Fund provides additional grant support for companies expanding or locating in Tennessee with reimbursable grants made to local industrial development boards. EDGE acted as a conduit for the grant.

The grant will assist the company in construction of a new warehouse and expansion of an existing warehouse and distribution center to include build-out improvements, relocation of equipment, fixture upgrades and new construction at 4895 Citation Drive, Memphis, TN 38118.

Founded in 1968 and headquartered in High Point, N.C., New Breed Logistics is a privately held, third-party logistics provider that helps companies design and operate efficient supply chains. The company manages millions of square feet of ISO quality warehouse space across more than 75 distribution centers and employs more than 7,500 people worldwide. Services range from distribution center operations and transportation management to highly sophisticated, technology-enabled solutions for product assembly, reverse logistics and repair, lean manufacturing support, materials management, procurement and aftermarket services.

Financing Amount:

$400,000

Projected Total Jobs:

468

Total Investment:

$23,000,000

Approved

10/22/2013

New Breed Logistics

4895 Citation Drive, Memphis, TN 38118